AIM:KOD

Stock Analysis Report

Executive Summary

Kodal Minerals Plc engages in the exploration and evaluation of mineral resources in the United Kingdom, West Africa, and Norway.

Risk Analysis

Has less than 1 year of cash runway

Does not have a meaningful market cap (£5M)

Currently unprofitable and not forecast to become profitable over the next 3 years

Highly volatile share price over past 3 months

+ 1 more risk


Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

How has Kodal Minerals's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: KOD's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-8.7%

KOD

-0.8%

GB Metals and Mining

-0.4%

GB Market


1 Year Return

-70.3%

KOD

-0.4%

GB Metals and Mining

6.6%

GB Market

Return vs Industry: KOD underperformed the UK Metals and Mining industry which returned -0.4% over the past year.

Return vs Market: KOD underperformed the UK Market which returned 6.6% over the past year.


Shareholder returns

KODIndustryMarket
7 Day-8.7%-0.8%-0.4%
30 Day25.0%-5.6%-1.7%
90 Day11.7%8.0%5.4%
1 Year-70.3%-70.3%8.2%-0.4%12.4%6.6%
3 Year-81.3%-81.3%33.8%11.9%18.5%3.4%
5 Year-77.7%-77.7%73.0%32.5%35.8%4.7%

Price Volatility Vs. Market

How volatile is Kodal Minerals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Kodal Minerals undervalued compared to its fair value and its price relative to the market?

0.57x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate KOD's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate KOD's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: KOD is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: KOD is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate KOD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: KOD is good value based on its PB Ratio (0.6x) compared to the GB Metals and Mining industry average (1.1x).


Next Steps

Future Growth

How is Kodal Minerals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.6%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Kodal Minerals has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Kodal Minerals performed over the past 5 years?

31.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KOD is currently unprofitable.

Growing Profit Margin: KOD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: KOD is unprofitable, but has reduced losses over the past 5 years at a rate of 31.4% per year.

Accelerating Growth: Unable to compare KOD's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: KOD is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (7.2%).


Return on Equity

High ROE: KOD has a negative Return on Equity (-8.64%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Kodal Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: KOD's short term assets (£335.6K) do not cover its short term liabilities (£381.8K).

Long Term Liabilities: KOD has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: KOD is debt free.

Reducing Debt: KOD has not had any debt for past 5 years.


Balance Sheet

Inventory Level: KOD has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if KOD's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: KOD has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: KOD has less than a year of cash runway if free cash flow continues to reduce at historical rates of -30.5% each year


Next Steps

Dividend

What is Kodal Minerals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.8%markettop25%5.1%industryaverage7.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate KOD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate KOD's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if KOD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KOD's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of KOD's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average board tenure


CEO

Bernard Aylward (49yo)

3.8yrs

Tenure

UK£136,326

Compensation

Mr. Bernard Michael Aylward, B.Sc (Hons - Geology), MAusIMM, has been Chief Executive Officer of Kodal Minerals Plc since May 20, 2016. Mr. Aylward served as Non-Executive Director of Taruga Minerals Limit ...


CEO Compensation Analysis

Compensation vs Market: Bernard's total compensation ($USD176.48K) is below average for companies of similar size in the UK market ($USD323.64K).

Compensation vs Earnings: Bernard's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Bernard Aylward
CEO & Director3.8yrsUK£136.33k1.32% £64.0k
Robert Wooldridge
Non-Executive Chairman3.6yrsUK£55.31k0.97% £47.0k
Qingtao Zeng
Non-Executive Director2.3yrsUK£29.70k0.068% £3.3k
Charles Joseland
Independent Non-Executive Director0.8yrsno data0.068% £3.3k

2.9yrs

Average Tenure

51.5yo

Average Age

Experienced Board: KOD's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.3%.


Top Shareholders

Company Information

Kodal Minerals Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kodal Minerals Plc
  • Ticker: KOD
  • Exchange: AIM
  • Founded: 2010
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: UK£4.855m
  • Shares outstanding: 9.25b
  • Website: https://www.kodalminerals.com

Number of Employees


Location

  • Kodal Minerals Plc
  • Prince Frederick House
  • 35-39 Maddox Street
  • London
  • Greater London
  • W1S 2PP
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KODAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPDec 2013

Biography

Kodal Minerals Plc engages in the exploration and evaluation of mineral resources in the United Kingdom, West Africa, and Norway. The company principally holds interest in the Bougouni and the Diendio lithium projects located in southern Mali. It explores for lithium and gold deposits. Kodal Minerals Plc was incorporated in 2010 and is based in London, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 22:26
End of Day Share Price2020/02/19 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.